Pawlenty Deep In Debt 15 Oct 11

Former Minnesota Governor Tim Pawlenty is out of the race for president – but still deep in debt. A fundraising report covering July through September shows that the former GOP candidate owes $453,000 for the campaign he ended in August. Fundraising consultants, building landlords and equipment rental companies, all have five-figure debts owed to them. Pawlenty ended up spending about $4.7 million in the less than six months he was in the race. He ended his campaign after a third-place finish in a test vote in Iowa. In all, Pawlenty raised about $5.4 million, but had to return some of the money because he could only tap into it if he had won his party’s nomination.